Related Posts
More Posts
Tech India - Current market ! 🔁
Rethink gets Scotia. Reaction time!
Lowest paying firm in NYC?
Additional Posts in Private Equity and the Buy Side
Thoughts on Marblegate Asset Management?
Are you happy?
Tech India - Current market ! 🔁
Rethink gets Scotia. Reaction time!
Lowest paying firm in NYC?
Thoughts on Marblegate Asset Management?
Are you happy?
Coach
OP
I work LMM and average maybe 50hrs
Worked in PE for two years at UMM. Feel fairly confident this exists but is incredibly rare. If it does exists, it’s a regional PE firm that hasn’t and isn’t planning to grow AUM with a central rainmaker you can source proprietary deals. And in this set up - there’s certainly no need for more deal leads aka no upward trajectory.
Just think about the industry. It’s a transaction based industry. You’re chasing deal that are becoming more public and more competitive. No PE firm at the table with deal bid deadlines will be like “Do due diligence but only at 45 hours a week pace”.
Mentor
OP said 80 hours during deal timeline.
That model only works if the firm has no growth aspirations and want to do 1-2 deal a year (lots of frog kissing before transaction execution even if you know the CEO/founder). In that case, you have to question whether this model is for you too
Mentor
Doesn’t exist. Stay in consulting
Good call
Honest question, has anyone figured out where works 45 hr weeks?! Other than hourly jobs, all of my friends and peers from college work 50+ hours regardless of industry, level, etc. And another of those who are in finance/consulting, work a minimum of 55, but that’s mostly on a slow week.
The people I know who have this are at smaller companies in low growth industries (think building products, industrials, trucking, etc.). Comp is low, but have a friend who actually works maybe 15-20 hours a week, with no Skype / Teams so no requirement to constantly be on his computer